Industrial and commercial electricity prices to be reduced by 5% until the end of the year + other measures in latest NDRC notice

Industrial and commercial electricity prices to be reduced by 5% until the end of the year + other measures in latest NDRC notice

In light of the COVID-19 pandemic and its impact on the economy, the NDRC, the Ministry of Industry and Information Technology, the Ministry of Finance and the People’s Bank of China issued on July 28th the “Notice on Doing a Good Job in Cost Reduction in 2020” which introduces 23 cost reduction measures in 7 key areas.

Baowu Steel marches into distributed solar rooftop market

Baowu Steel marches into distributed solar rooftop market

As one of the key energy consumers in China, Baowu Steel Co.,Ltd. has set up energy service company Baowu Clean Energy Co.,Ltd. in November 2019 to provide EMC services for commercial and industrial customers, including Baowu Steel’s own subsidiaries.

Goldwind and BYD partner to venture into energy storage bundling of renewables

Goldwind and BYD partner to venture into energy storage bundling of renewables

Goldwind Technology and BYD Co., Ltd. have signed a MOU to jointly create energy storage (ES) solutions and products for generation side ES applications.

China’s total wind installed capacity exceeds 216GW at end of July 2020

China’s total wind installed capacity exceeds 216GW at end of July 2020

Largely affected by the COVID-19 pandemic, China’s newly added wind installed capacity amounted to only 6.32GW for the first half of the year.

CGN Huizhou port I offshore wind project accelerates construction

CGN Huizhou port I offshore wind project accelerates construction

CGN has revealed Mingyang as winner of the Huizhou port I 400MW offshore wind project bid for turbine manufacturers.

Hebei province aims to increase hydrogen production capacity to more than 40 tons/day by the end of 2022

Hebei province aims to increase hydrogen production capacity to more than 40 tons/day by the end of 2022

As one of the hydrogen energy front runners in China, Hebei province has an ambition to foster a hydrogen industrial cluster in the coming three years, with total annual production output of core hydrogen equipment and components reaching CNY 15 billion in 2022, covering R&D, testing and inspection, and hydrogen production, according to the "Three-Year Action Plan for the Cluster Development of the Hydrogen Energy Industry in Hebei Province( 2020-2022)" (hereinafter referred to as the "Action Plan") issued by the Hebei Development and Reform Commission (DRC) recently.

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